Law /
CAN SOME ONE GIVE ME FREE POLISH LEGAL ADVICE ON BANKRUPTCY? [22]
Provident Polska is the Polish subsidiary of a British company called Provident Financial. They have a very poor reputation and have been the subject of documentary films on British TV and questions in parliament, especially about making loans to people who should not (and often legally do not) have access to credit. Part of my old work back in the UK was connected to people on the District Mental Handicap Register who had been illegally given loans by Provident agents even though they were not allowed to sign contracts and did not understand the concept of a loan.
Their business model is quite clever. They do not lend money to borrowers, they lend it to agents, and carry out marketing and legal services on the agents' behalf. The borrower's contract is with the agent - whether the agent is ethical or not.
One particular criticism is that if people pay late, the interest can skyrocket and the borrower can end up paying many times the value of the original loan.
My advice would be to pay the Provident loan
as quickly as possible to avoid compound being added; pay it in small stages, but
pay it quickly and then worry about the fine. A registered letter to the court (or drop it off and get a stamped acknowledgement from reception) asking for installments (perhaps followed by a letter asking for suspension of installments) is important.
One bit of light in a dark story is that the process of legal debt collection in PL is very slow - a court order can take a long time, and since your b/f has Bipolar, this may help in any court case.
